By Jonathan Davies

The all-Tory government that has come out of the general election is positive for the housing industry, according to one of the UK's biggest housebuilders.

Barratt Developments said the result of the election signified a "supportive" environment for housing companies.

“With the election now behind us, we anticipate a supportive environment in terms of a continuation of the help-to-buy scheme, and further improvements to the planning system," Barratt said.

“The new government has identified increasing housing as an important priority area, and we are committed to playing our part. We look forward to working with them to deliver this important objective, which will need to be supported through further releases of public sector land, and continued pressure on local authorities to deliver local plans.”

Barratt said it expects to complete 16,100 home sales in the year ending June 2015, up from 14,838 in the previous year.

As of 10 May, Barratt said sales were up 18% to £2.6 billion compared with the same period last year.

Mark Clare, Barratt chief executive, said: “We are on track to deliver a further significant step up in our financial performance in 2015, making good progress towards achieving our 2017 targets of a gross margin of at least 20% and return on capital employed of at least 25%.”